Over the years we have done many studies of our customers' results. The most recent looked at the experiences of the former customers of a defunct brokerage who accepted our December 2009 offer of free service.
Showing posts with label Real Estate Statistics Seattle Tacoma Everett. Show all posts
Showing posts with label Real Estate Statistics Seattle Tacoma Everett. Show all posts
Saturday, January 01, 2011
Friday, December 11, 2009
2009 National Association of REALTORS Profile of Home Buyers and Sellers
With all of the turmoil in the residential real estate market, one of the best steps a consumer can take is to become educated. Annually, we look forward to reading the new National Association of REALTORS Profile of Home Buyers and Sellers. We’ve been reading it since 1999, and the raw data is always interesting to review. Here are a few results from the 2009 survey, along with our take on the meaning of those results.
Friday, February 13, 2009
Puget Sound Real Estate Sales - Mixed results so far in 2009
The good news for home sellers is there were more sales in January than there were in December, and inventory is down a little from a year ago. The sales results are not surprising, as there are always more sales in January than December. The bad news for the month is there were fewer reported pending sales this year than in any January of this decade, for King, Pierce, Snohomish and Kitsap counties.
Analysis of results is published monthly by the Northwest Multiple Listing Service and continually linked in the Real Estate News section of the MLS4owners.com website. If you need information about market activity in your neighborhood, let us know and we would be glad to help.
Analysis of results is published monthly by the Northwest Multiple Listing Service and continually linked in the Real Estate News section of the MLS4owners.com website. If you need information about market activity in your neighborhood, let us know and we would be glad to help.
Monday, December 08, 2008
MLS4owners.com releases new study of customer results
In addition to the statistics we continually update on our site, we also conduct periodic studies of the results of individual homesellers. In December 2008 we looked back at what subsequently happened to properties that had canceled their listings in the six months ending December 31, 2007.
Of the 225 properties on which listings expired or were canceled, 137 left in order to be represented by an agent, and 73 of them eventually closed sales. On average sellers had to reduce their price by $72,000 (11%) from their last asking price in order to complete the sale, and were on the market an additional 120 days. They also paid a commission to their listing agent.
Of the 73 that have sold, only 2 sold at or above their MLS4owners.com asking price. Both of them switched to an agent early on, within 45 days of activation, and one of them had been offering a 1.4% commission. Of course there are good reasons for wanting representation, especially when one’s circumstances have changed. However, our 2008 study had similar results to our 2002, 2003 and 2005 studies which showed that if a home is priced right for its condition and location, and given the MLS4owners.com exposure that meets or exceeds full service exposure, it will sell!
Visit our website for more information on this study and our customers' results.
Of the 225 properties on which listings expired or were canceled, 137 left in order to be represented by an agent, and 73 of them eventually closed sales. On average sellers had to reduce their price by $72,000 (11%) from their last asking price in order to complete the sale, and were on the market an additional 120 days. They also paid a commission to their listing agent.
Of the 73 that have sold, only 2 sold at or above their MLS4owners.com asking price. Both of them switched to an agent early on, within 45 days of activation, and one of them had been offering a 1.4% commission. Of course there are good reasons for wanting representation, especially when one’s circumstances have changed. However, our 2008 study had similar results to our 2002, 2003 and 2005 studies which showed that if a home is priced right for its condition and location, and given the MLS4owners.com exposure that meets or exceeds full service exposure, it will sell!
Visit our website for more information on this study and our customers' results.
Thursday, October 02, 2008
What should I do if my home is not selling?
When sellers ask us what more they can do to get their home sold, we recommend the 3 P’s – Pricing, Presentation and Patience.
Monday, May 05, 2008
The latest stats and spin
One person's statement is another person's spin, so we'll let you decide which is which.
The latest statistics from the Northwest Multiple Listing Service are out. You can review the current press release any time on our site or the public site of the NWMLS.
The good news is pending sales in April 2008 were the highest they have been since August 2007. The bad news is pending sales are always higher in April than they are during the winter, so April's results are not a positive surprise.
The latest statistics from the Northwest Multiple Listing Service are out. You can review the current press release any time on our site or the public site of the NWMLS.
The good news is pending sales in April 2008 were the highest they have been since August 2007. The bad news is pending sales are always higher in April than they are during the winter, so April's results are not a positive surprise.
Saturday, March 29, 2008
What does MLS4owners.com think?
We send and receive hundreds of emails a week, and once in a while we respond to things that pop up in the press. Here is a sampling: [UPDATE: Most of the press website links are now obsolete and are no longer available in 2010]
Subscribe to:
Posts (Atom)